Chris Pine is the audit partner in the Chartered Accounting firm of Pine & Associates, (PA). Chris has a substantial investment in Space Ltd, which has just put its audit for the year ended 30 June 2019 out to tender. On 31 October 2018 Chris has submitted a tender bid for the audit of Space. REQUIRED: (a) (1) Identify and explain the threat to independence. [Type Answer Here] (2 marks) (0) Determine whether Chris would be able to accept the audit if he won the tender. (2 marks) [Type Answer Here]+ (ii) Explain whether your answer to (a) (i) would change if it was Chris's spouse who held the shares. (2 marks) [Type Answer Here] (b) Explain whether the situation would be any different if, prior to submitting the tender, Chris placed the shares into a blind investment trust where he had no influence over the trust's investments (2 marks) [Type Answer Here] (c) Explain whether the situation would be any different if after winning the tender, Chris disposed of his shares prior to commencing the audit. (2 marks)